Alphabet, Microsoft Spur Hope Tech Can Handle Slow Economy

Technology

Alphabet Inc., Microsoft Corp. and Texas Instruments Inc. posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months, reassuring investors who had been fretting that the technology industry was poised for a dour second half.

All three companies jumped in early trading on Wednesday. Alphabet shares rose 4%, Microsoft was up 3.8% and Texas Instruments gained about 4.5% in trading before markets opened in New York.